New Media Investment Group Inc. Buyback
OLI recorded this information on 5/17/2017
Company:
New Media Investment Group Inc.
Buyback:
NEWM buyback
$Amount Authorized:
$100,000,000
Buyback Details:
New Media Investment Group Inc. ("New Media" or the "Company", NYSE:,NEWM) announced today that the Company's Board of Directors authorized the repurchase of up to $100 million of the Company's common stock over the next 12 months.
New Media Investment Group owns, operates and invests in local media assets focused in small to mid-size markets. Co.'s main products include: daily newspapers; weekly newspapers, which publishe up to three times per week; shoppers, which are generally advertising-only publications; locally-focused websites, which extend Co.'s businesses onto the internet and mobile devices; business publications; UpCurve Cloud and ThriveHive digital marketing; and GateHouse Live. In addition to its main products, Co. also produces publications that address specific local market interests such as recreation, sports, healthcare and real estate.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
